Breakout soon?

As we see, the price forms lower highs and higher lows.

In the past this was always a good sign that a breakout could be ahead. And since the EMA 200 is below the price, I think its a breakout to the top.

For speculative traders, enter your position now, if you are more conservative, wait for the price to break one of the trend lines and enter your trade in that direction.

If you have questions, feel free to let me know!

Safe trades and lots of profits to all of you!

Kommentera:

I was wrong, the breakout went down. Still we have good earnings on this one. Nice!